RBI

RBI penalty on LIC Housing Finance

RBI will launch a trial for the Digital Rupee tomorrow

According to a statement released by the RBI on Monday, the pilot's use case involves the settlement of secondary market transactions involving government securities.

RBI may hike key lending rate by 50 bps in Dec: SBI Research

Banks to remain closed on these days in October 2022; Check out full list of holidays here

The list of bank holidays for the month of October has been made public by the Reserve Bank of India (RBI).

RBI lowers the current financial year’s GDP forecast to 7% from 7.2%

The Reserve Bank of India (RBI) on Friday lowered its prediction for India's GDP for the fiscal year 2022–2023 from 7.2% to 7%.

First users of RuPay credit cards on UPI will be the clients of these three banks

RuPay Credit Cards on UPI is supposed to be first used by tthese three as notified by Governer of RBI.

RBI removes the Central Bank of India from the PCA

According to the RBI, the bank has made a written pledge to continuously abide by the standards for minimum regulatory capital, net non-performing assets, and leverage ratio.

RBI wants fintech operators to follow the guidelines: Shaktikanta Das

According to Shaktikanta Das, the goal of the central bank is to make sure that everyone obeys traffic rules rather than to punish or hinder anyone.

Deputy governor of the RBI has proposed a new data law to protect customers’ privacy

T Rabi Sankar was of the view that the new regulation is essential to protect consumers privacy but the monetisation of customer data can be done in a responsible manner.

RBI will compile a list of authorised digital lending applications to weed out unethical ones

In an effort to eliminate digital lending apps that engage in unethical lending and recovery activities, the centre is increasing its monitoring of these apps.

RBI deputy governor is looking forward to internationalisation of CBDCs

The introduction of a CBDC is also seen by the RBI as a way to wean people off private cryptocurrencies.

RBI launches a pilot scheme to digitise the KCC with the goal of transforming rural credit delivery

According to a statement from the RBI, it is intended to progressively spread the digitalization of KCC lending to additional districts in these two states and across the nation based on the lessons learned from the trial.

The RBI may refuse requests for bad-loan exemptions from “shadow banks”

Shadow banks will be required to recognise bad loans on a daily basis, rather than monthly, as some presently do.

Due to concerns about growth, the RBI may slow the pace of rate hike: Deutsche Bank

The third-largest economy in Asia experienced quarterly growth of 13.5%, which was less than the RBI's target of 16.2% and the 15.2% predicted by experts in a Reuters poll.

Economists predict RBI may increase the repo rate to 6% by December

The rate hike expectations come despite economists predicting a moderated inflation due to a drop in global commodities and the alleviation of supply chain bottlenecks.